Judge asks what happened to the RM4b loan granted to SRC, Najib's lawyer replies 'no one knows'
“We only know that the sum of RM2 billion came in August 2011 and on the same day, it was transferred out ..."
“We only know that the sum of RM2 billion came in August 2011 and on the same day, it was transferred out ..."
The bankruptcy notice was issued by the High Court on Monday (April 5) over taxes totalling RM1.74 billion, including interests, that Datuk Seri Najib Razak owed the government
Justice Datuk Abdul Karim Abdul Jalil, who is leading the three-member bench, interrupted submissions by counsel Harvinderjit Singh at times, asking him to move on as the issue he was covering had been submitted at length.
Chief executive officer, Ung Su Ling, had earlier claimed that the directions to transfer the disputed sum of RM42 million of SRC International Sdn Bhd funds came from the former premier's principal private secretary, the late Datuk Azlin Alias.
The report by the job and recruitment agency released yesterday noted that while the pandemic and the resulting economic downturn have had a significant impact across the Asia Pacific, including Malaysia, optimism is already starting to show, with about 33% of companies in the country looking to increase their headcount and 40% to maintain status quo in 2021.
Najib's appeal is being held at the Court of Appeal 1 while journalists are placed at the conference room. The separation was enforced as part of Covid-19 precautions.
Speaking at the media briefing in Putrajaya today, Wee highlighted the ECRL project will not affect the Gombak Quartz Ridge.
Bank Negara Malaysia said in its annual report that the growth of private consumption was significantly affected by domestic containment measures implemented at the beginning of March 2020.
Unsold properties continue to remain at an elevated level, driven by serviced apartments, small office home office (SOHO) units, and houses priced above RM500,000 in less popular locations, said Bank Negara Malaysia